Telecom Plus (LON:TEP) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEP)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,044.07 and traded as low as GBX 792. Telecom Plus shares last traded at GBX 806, with a volume of 403,906 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Telecom Plus to a “hold” rating and cut their price target for the company from GBX 1,300 to GBX 700 in a research note on Wednesday, July 1st. Berenberg Bank cut shares of Telecom Plus to a “buy” rating and dropped their target price for the stock from GBX 2,600 to GBX 1,200 in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Telecom Plus currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,500.

Telecom Plus Trading Up 1.1%

The company has a 50 day simple moving average of GBX 853.87 and a two-hundred day simple moving average of GBX 1,040.22. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The firm has a market cap of £641.88 million, a PE ratio of 8.27, a P/E/G ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last posted its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a net margin of 4.16% and a return on equity of 32.38%. Analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Insider Buying and Selling at Telecom Plus

In other Telecom Plus news, insider Charles Wigoder bought 500,000 shares of Telecom Plus stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of GBX 710 per share, for a total transaction of £3,550,000. Also, insider Nick Schoenfeld bought 56,250 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £562.50. Over the last ninety days, insiders have purchased 932,816 shares of company stock valued at $627,439,717 and have sold 76,284 shares valued at $66,244,620. Insiders own 19.43% of the company’s stock.

Telecom Plus Company Profile

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.